INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of income tax expense (benefit) follows:

	December 31,
	2012			2011
Deferred:
Federal	$	1,259,000			2,050,000
State		(172,000	)		598,000
		1,087,000			2,648,000
Change in valuation allowance		(1,087,000	)		(2,648,000	)
	$	0		$	0

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The following is a summary of the Company's temporary differences and carryforwards which give rise to deferred tax assets and liabilities.

	December 31,
	2012			2011
Deferred tax assets:
Net operating loss carryforwards	$	2,427,000		$	3,510,000
Defined benefit pension liability		340,000			385,000
Property and equipment		1,000			14,000
Reserves and accrued expenses payable		275,000			222,000
Gross deferred tax asset		3,043,000			4,131,000
Deferred tax asset valuation allowance		(3,043,000	)		(4,131,000	)
Net deferred tax asset	$	0		$	0

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The differences between the U.S. statutory federal income tax rate and the effective income tax rate in the accompanying consolidated statements of income are as follows.

	December 31,
	2011			2011
Statutory U.S. federal tax rate		34.0	%		34.0	%
State income taxes		(63.6	)		3,054.8
Stock-based compensation and warrants		.0			140.4
Expired stock-based compensation and warrants		4.4			106.6
Defined benefit pension termination		(50.1	)		277.9
Other permanent non-deductible items		1.2			16.5
Change in valuation allowance		(400.8	)		(13,522.3	)
Expired net operating loss carryforward		474.8			9,888.7
Other		.1			3.4
Effective income tax rate		0.0	%		0.0	%